In the value of bonds, the symbol "M" means "thousands.
Therefore, 10 M = 10,000$
So, the customer bought a coupon with 10,000$ and the expected annual interest is 7.5% of the coupon's value.
Calculating the value of interest is simple, just multiply the interest rate (7.5%) by the original value of the coupon to know how much interest she will collect each year.
Interest collected each year = (7.5 / 100) x 1000 = 750$
Answer
it'll take 20 hours to burn!
Step-by-step explanation:
for every 2 inches it takes an hour so if you do 10 x 2 you get 20!
Answer:
Step-by-step explanation:
Using the formula for calculating simple interest
SI = principal × rate × time/100
Given
Principal = $8750
Rate = 9.75%
Time = 2years
Substitute
Interest = 8750×9.75×2/100
Interest = 87.59×19.5
Interest = 1,706.25
Hence the finance charge to the nearest whole dollar is $1706
Your answer is 0. The slope formula is m = (y2 - y1) / (x2 - x1). So you do 8-0=8. Then you do 0-6=-6 Then you get 8 over -6. Simplified: -one and one third. That is the answer!
Answer:
2923/780
Step-by-step explanation:
please give me brainliest
